Statsguru: Gross NPAs of PSBs stand at 14.5% at the end of FY18

Despite repeated assurances of bankers that bad loans plaguing the banking system have been fully recognised, gross non-performing loans (GNPAs) have continued to rise. 
 

As shown in Chart 1, bad loans have surged to a staggering 11.6 per cent of advances at the end of FY18, up from 9.6 per cent the year before.

Public sector banks (PSBs) are in a worse position, with 14.5 per cent of their loans turning bad at the end of FY18, up from 11.7 per cent the year before.

Owing to their deteriorating finances, the Reserve Bank of India (RBI) has placed several public